Ozempic Maker Novo Nordisk Sinks On Disappointing Earnings Amid Booming Demand For Weight Loss And Diabetes Drugs
Novo Nordisk(NVO) Forbes·2024-08-07 16:19
ToplinePharma giant Novo Nordisk on Wednesday reported booming demand for its weight loss and diabetes drugs Ozempic and Wegovy, but shares sank after the Danish firm disappointed investors with less-than-expected profits for the second quarter and a slimmed-down profit outlook for the year as it faces growing competition in the lucrative market and pressure to ease persistent supply constraints.Novo reported worse-than-expected earnings on Wednesday. UCG/Universal Images Group via Getty Images Key FactsNov ...